Today wasn't a very good day in my account. The overall market was up but PCLN and HLF were down. AAPL was up big so I had to exit and re-position my options. For tomorrow I will be looking to add some put credit spreads in AAPL, PCLN and MA. I think PCLN has made a temporary bottom and AAPL is going to continue the uptrend. Stay out of the money on these to give some cushion. Here are the plays I will be looking at:
AAPL $489.57 Sell 475 put, buy 470 put for a net credit of .40 (.37 after commissions). This would be a 8% gain if the stock stays above 475 on Friday.
PCLN $953.61 Sell 935 put, buy 930 put for a net credit of .44 (.41 after commissions). This would be a 9% gain if the stock stays above 935 on Friday.
My account lost $868 today so I need PCLN and HLF to head higher sooner rather than later. I'm looking good on my other strategies. I repositioned AAPL to 480/475 put credit spread and 495/500 call credit spread. I also bought a 505/510 call debit spread for a small price in case the stock takes off more.
Jonny
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